Financing Strategy
Diversified financing sources, including links to ESG commitments
Sodexo is a frequent issuer of Euro bonds in the capital markets, it had its first Sterling issuance in June 2019 and an inaugural US bond market issue in April 2021.
Sodexo is an issuer of Negotiable European Commercial papers (NeuCP) to facilitate short term funding needs and can access a Syndicated credit facility with its core bank partners as back up.
In July 2024 Sodexo amended and extended its core Syndicated Revolving Credit Facility for a further 5 years to July 2029 with two additional one-year extension options (up to 7 years in total). The facility has been upsized from circa €1.3bn to €1.75bn to incorporate its existing bilateral lines. The facility continues to include a sustainability clause that links the credit facility cost to Sodexo’s ability to achieve its Better Tomorrow 2025 objective to reduce food waste by 50%. The facility is currently undrawn.